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FARM Act of 2023

1/18/2024, 6:02 AM

Congressional Summary of HR 963

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023

This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.

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Current Status of Bill HR 963

Bill HR 963 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 963 was introduced during Congress 118 and was introduced to the House on February 9, 2023.  Bill HR 963's most recent activity was Referred to the House Committee on Ways and Means. as of February 9, 2023

Bipartisan Support of Bill HR 963

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
0
Republican Cosponsors
5
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 963

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 963

FARM Act of 2023
FARM Act of 2023
Future Agriculture Retention and Management Act of 2023
To amend the Internal Revenue Code of 1986 to provide that the energy credit shall not apply to certain types of energy production on agricultural land, and for other purposes.

Comments

Sponsors and Cosponsors of HR 963

Thomas P. Tiffany
Thomas P. Tiffany
WisconsinRepublican
Derrick Van Orden
Derrick Van Orden
WisconsinRepublican
Claudia Tenney
Claudia Tenney
New YorkRepublican
Doug LaMalfa
Doug LaMalfa
CaliforniaRepublican
Warren Davidson
Warren Davidson
OhioRepublican
Ben Cline
Ben Cline
VirginiaRepublican

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